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Not A Whole Lot Longer Than A Simple Vertical
Not A Whole Lot Longer Than A Simple Vertical
If I read this report correctly, this short lateral in the Bakken was drilled in seven days:
- 27765, 484, EOG, Wayzetta 57-3433H, Parshall, 30 stages; 4 million lbs; spud date June 18, 2015; lateral begun June 22, 2014; FTD date, June 25, 2014; TD, 15,731 feet.
- 27764, 834, EOG, Wayzetta 54-34H, Parshall, single section, 22 stages; 3 million lbs; spud date June 27, 2014; lateral began July 4, 2014; FTD date, July 6, 2014, horizontal in pay zone 100%, t11/14; cum 36K 3/15;
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Pipeline
From Yahoo!In-Play:
American Midstream Partners begins open season for Bakken Crude Oil Gathering System in North Dakota : American Midstream Partners announced that American Midstream Bakken, a wholly-owned subsidiary of the Partnership, is conducting a binding open season for a proposed approximately 50-mile Bakken crude oil gathering and transportation system in the core of McKenzie County, North Dakota, to transport up to 40,000 barrels per day of crude oil for delivery to major intrastate and interstate pipeline systems beginning in June 2015.
As proposed, the Bakken System will have initial transportation capacity up to approximately 15,000 bopd with the ability to expand up to ~40,000 bopd.
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Dividend Announcement
Previously announced, WMB increases quarterly dividend from 58 cents to 59 cents, yielding nearly 4.5%.
The level of fine tuning and optimization is just amazing to me. In the environmental remediation business, I've always borrowed from other industries and have always been forced to a high level of optimization due to budgetary constraints, as you could imagine. It almost seems to me that the usually well-funded oil industry is now borrowing from the thrifty remediation business. I guess when oil prices slump, necessity really is the mother of invention.
ReplyDeleteWhen I first started blogging, I read about simple vertical Spearfish wells being drilled in three days up in the north, along the Canadian border, in North Dakota. At that time, it was taking 45 - 60 days to reach TD in a middle Bakken well.
DeleteTo get to TD in a short lateral in 6 days is truly amazing. Bigger rigs, better geologists/roughnecks; more experienced geologists/roughnecks; on and on.